The exploration, development and perspective of oil and gas in the Black Sea region

Abstract

The Black Sea region, a large horizon ready to open, ready to explore, ready to show her energy, herpower and opportunities. But how we are preparing for this? It is a high competition between all the "actors" implicated in this field. The industry was informed to this potential resources by a major studyundertaken by Purvin and Gertz in 2011, which predicted the development of a Romanian oshoreindustry and now exist many recently studies that confirmed the “black resources” of the Black Sea. Weall know about the emergence of shale gas in Europe, in the last years, because is increasing evidenceof a more united approach on energy, so the exploration and development of gas reserves in the BlackSea is an optimal alternative to supply gas from the Caspian to south-eastern Europe.But this good alternative implicates problems generated by costs, transportation and security of thevery long pipelines that will pass through several countries till reaching their final destination.I try in this paper to pay attention on the main objective in the Black Sea Region, in this oshorefield, that required the cooperation and sustainability from part of European Union and all its members’state and countries situated in the Black Sea, Mediterranean Sea or Caspian Sea.

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